In this episode, Sabrina Maddeaux and Mike Moffatt tackle how GST rebates are affecting new homebuyers, tracing the history of these incentives and how inflation has quietly eroded their value. With fresh rebate structures now on the table—especially for first-time buyers—they examine what’s working, what’s not, and what’s politically possible. And, of course they have some suggestions on how policy could be shaped to benefit everyone.
Chapters
00:00 Introduction
01:52 A new home in the GTHA for under $450k - impossible
02:23 Understanding GST rebates, their history and impact
04:17 Why are the rebates so small?
06:56 Bill c-4’s first-time-homebuyer rebate
08:09 What the proposed GST rebate misses - seniors downsizing
10:45 Proposed changes to GST rebates
13:00 Will governments make these proposed changes?
14:30 Sabrina’s take
15:37 Concerns about inflation and housing demand
Research/Links:
Is Ontario Ready to Spend $895M to Jumpstart Homebuilding?
The PBOs Math Is Clear: We Need an Expanded GST Housing Rebate
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.